The fund will focus on sectors including consumer, healthcare, logistics, and business services. It targets established companies with scale and maturity, with a clear path to IPOs or strategic exits within three to five years.
Oct 17, 2025
•
2 min read
G42 accounted for 87% of the company’s revenue in the first half of 2024, a customer concentration flagged as a material risk in its IPO filings.
Oct 10, 2025
The deal is tied to a landmark AI agreement signed in May that pairs US chip shipments with reciprocal Emirati investment.
3 min read
The Kingdom’s compute triple advantage, its forthcoming Global AI Hub Law, the emergence of one of the world’s largest inference clusters in Dammam, and the looming prospect of a “compute OPEC.”
Oct 8, 2025
5 min read
The raise comes just over a year after Saudi Arabia’s Wa’ed Ventures, the VC arm of Aramco, led a $15 million Series B extension in July 2024.
Oct 1, 2025
The new positioning reflects the company’s ambition to build AI systems that can move engineering teams from reactive debugging to predictive and autonomous issue resolution.
Sep 25, 2025
The vehicle will target AI and analytics startups across multiple stages, with an investment focus spanning smart cities, energy, fintech, AI/ML, AR/VR, gaming, Industry 4.0, and deep tech.
Sep 23, 2025
Founded by Abed Kasaji and Pavel Kochetkov, both part of the “Careem mafia”, Clarity rebranded this year from its former name Anecdote.
Sep 17, 2025
Replit was founded in 2016 by Amjad Masad, a Jordanian-born engineer, alongside Faris Masad and Haya Odeh, and has now raised around $478 million to date.
Sep 11, 2025
The raise, led by Iconiq Capital with co-leads Fidelity Management & Research Company and Lightspeed Venture Partners, nearly triples Anthropic’s valuation from just six months ago.
Sep 3, 2025
Founded in 2024 by Ridha Mami and Sofyan Chekir, the Franco-Tunisian company is building what it calls a “Sales Performance OS” – an AI-native platform that consolidates sales data, delivers behavioural nudges, and generates actionable insights to prepare teams for client meetings and unblock stalled deals.
Sep 2, 2025
Founded in Egypt in 2021 by Nour Taher (CEO) and Omar Mansour (CTO), Intella develops AI models designed for Arabic dialects, offering enterprise transcription, analytics, and customer engagement tools across more than 25 dialects.
The startup’s current Gulf investors include Saudi Arabia’s Sanabil and UAE’s Damac, with reported talks underway with Mubadala, Abu Dhabi’s new AI investment vehicle MGX, and potentially Saudi Arabia’s Public Investment Fund (PIF).
Aug 28, 2025
The company has laid out an aggressive roadmap, targeting an expansion from 1.9 gigawatts of capacity by 2030 to 6 gigawatts by 2034.
The rollout marks the first time internet users in the Kingdom can access the latest version of ALLaM, a sovereign Arabic-centric LLM trained and fine-tuned specifically for Saudi culture, values, and language use.
Aug 27, 2025
The Riyadh hub will act as an operational base to deliver Rebellions’ 5nm neural processing unit (NPU) products while also exploring partnerships with Saudi telecom and IT firms.
Aug 22, 2025
Why voice is arguably the most important AI communication interface; how Arabic dialectical diversity complicates matters; the regional use cases and verticals; the competitive landscape; and what might come next.
Aug 20, 2025
9 min read
A 40-strong PhD research team trained the new model on proprietary in-Kingdom datasets, according to sources.
Aug 14, 2025
Domestic momentum included new contracts with the UAE National Media Office and UAE Media Council, plus a cooperation agreement with Abu Dhabi Department of Energy to develop AD.WE, an AI-powered energy and water management platform.
The release gives developers in Saudi Arabia and across the Middle East day-zero access to OpenAI’s first open-weight reasoning models since GPT-2 more than five years ago.
Aug 8, 2025
The Abu Dhabi AI investment vehicle backed by Mubadala and G42 is also negotiating a $1 billion stake in French startup Mistral and looks set to join a planned $3–5 billion round for Anthropic at a $170 billion valuation.
Aug 7, 2025
4 min read
Two Tunisian founders behind one of Africa’s biggest startup exits are back, and targeting the slowest part of modern software delivery. Fresh off the back of a $9M Seed round, Karim Jouini shares how Thunder Code's AI‐driven “personas” test like domain experts, why early dilution can be a superpower, and the surprising policy shift that could reverse Tunisia’s brain drain.
Aug 6, 2025
11 min read
Founded by Dr. Mazen A. Melibari, Mohammed Daggas, Mazen Alotaibi, Ahmed Al‐Suhaim, Fatima Al‐Saeed, and Ahmed Al‐Rashidi, DEEP.SA develops AI engines and specialised AI agents for consumer and government markets.
Aug 3, 2025
The round marks the first investment from STV’s newly launched AI fund and includes a strategic partnership with T2, giving Sawt access to enterprise customers and infrastructure support.
Jul 28, 2025
In a leaked internal memo, Anthropic CEO Dario Amodei confirmed the company is exploring investment from the UAE and Qatar – a reversal from its 2024 stance on Gulf capital.
Jul 22, 2025
